Australia's largest stock trading and investment forum Australia's #1 stock forum

Day traders' after-market lounge July 28, page-42

First 42 Last

Share
Profile

Follow
Veritas2000

13,398 Posts.

1083

02/08/22

19:17

Post #: 62884712
Share

Originally posted by Lobo777: ↑

I read this last night from The Psychology of Money by Morgan House -

"The more you want something to be true, the more likely you are to believe a story that overestimates the odds of it being true.”

and I immediately thought - That's me staring/analysing a chart for something I purchased which started as a day trade, morphed to a short term trade and is now long....

Today I sold the stock in question - I'm telling myself I'm not worried about it and I need to move on and I think I'll be ok because of the relief I felt the minute I sold.

Lesson: - Risk management - stop losses are crucial especially for beginners.

Expand

Hi

Your approach is commendable and if you want to delve into the specifics of the Psychology of Trading I would be happy to send through a list that you could peruse and see if any piqued your interest

V
Upvote

Reply

Top Stories

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

ASN

Utah authorities sign off on Anson's lithium extraction plans at Green River

NAM

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

AZY

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

ENV

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

VUL

Vulcan appoints investment bank and M&A veteran to board

MM8

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

MKG

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

MLS

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

There are more pages in this discussion • 6 more messages in this thread...

First 42 Last

SPONSORED BY